Tuesday, March 1, 2011

Oil Crossed the $100 psychological mark Whats Next?

Oil 's long-term growth drivers are explained by Michael Sansoterra of the RidgeWorth Large Cap Growth Fund.

The political turbulence that rocked the Middle East and North Africa caused oil -- used to he. And -- contract reached the crucial 100 dollars psychological mark on February 20 -- The first time since 2008. Supply concerns overwhelmed the market. On directly Libya and Algeria were among countries that were still grappling with major anti government of people. With Libya and Algeria accounting for about 3% of total global oil production. Any pull -- of major oil companies from the country's. Interrupted production were bound to have some short term impact on total oil supply that portfolio manager Michael...